Microsoft, Bayer Collaborate To Develop Digital Agricultural Tools, Capabilities

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Microsoft Corp MSFT and Bayer AG BAYRY BAYZF collaborated on new internet-based products aimed at helping farmers and industries tied to agriculture. The financial terms of the arrangement remain undisclosed.
Bayer is partnering with Microsoft to develop digital tools and data science capabilities for agricultural businesses and associated industries.
They aim to help startups to global businesses in farming operations, sustainable sourcing, manufacturing, supply-chain improvement, and measuring environmental, social, and governance efforts.
Bayer aims to help companies better process satellite imagery and track farm inputs and practices to follow environmental regulations, Bloomberg reports.
Bayer has been investing in more sustainable farming research but sees more work needed to optimize the entire food, feed, fuel, and fiber value chain amid a global push to combat climate change.
Bayer will also migrate its digital farming core capabilities to the new infrastructure for its customer-facing solutions.
Price Action: MSFT shares traded higher by 0.77% at $342.12 on the last check Wednesday.